Parmeshwar Metal IPO: All You Need to Know
Parmeshwar Metal IPO has garnered significant attention as it opens up fresh investment opportunities in the SME segment. Scheduled for listing on the BSE SME platform, this IPO offers investors a chance to partake in the growth of a company specializing in copper wire and rod manufacturing. Here’s a detailed breakdown of the IPO, including its timeline, subscription details, and grey market premium (GMP).
Key Highlights of Parmeshwar Metal IPO:
- IPO Size: ₹24.74 Crores
- Issue Type: Book Built Issue
- Price Band: ₹57 to ₹61 per share
- Shares Offered: 40,56,000 shares (entirely a fresh issue)
- Minimum Investment: ₹1,22,000 for retail investors (2000 shares per lot)
- Listing Platform: BSE SME
Timeline of Parmeshwar Metal IPO
| Event | Date |
| IPO Open Date | January 2, 2025 |
| IPO Close Date | January 6, 2025 |
| Basis of Allotment Finalization | January 7, 2025 |
| Refunds Initiated | January 8, 2025 |
| Credit of Shares to Demat | January 8, 2025 |
| Listing Date | January 9, 2025 |
IPO Subscription Details
The shares are allocated as follows:
- Retail Investors: 33.23% (13,48,000 shares)
- NII (HNI): 14.25% (5,78,000 shares)
- QIB: 18.98% (7,70,000 shares)
- Anchor Investors: 28.45% (11,54,000 shares)
- Market Maker: 5.08% (2,06,000 shares)
Grey Market Premium (GMP)
The GMP for Parmeshwar Metal IPO has shown strong momentum, reflecting positive market sentiment. As of now, the GMP stands at approximately ₹20 per share, translating to a premium of around 32% over the upper price band. GMP trends can be an indicator of listing performance but should not be the sole basis for investment decisions.
About Parmeshwar Metal Limited
Incorporated in 2016, Parmeshwar Metal Limited operates in the recycling industry, producing copper wires and rods. Its manufacturing unit in Dehgam, Gujarat, supplies products to diverse sectors, including power cables, building wires, transformers, and the automotive industry.
Competitive Strengths:
- Experienced management team
- Strong customer relationships
- Tailored product offerings
- Diversified supplier base
Financial Snapshot (Restated):
| Period Ended | Revenue (₹ Cr) | PAT (₹ Cr) | Assets (₹ Cr) |
| March 31, 2023 | 97.27 | 8.89 | 54.12 |
| March 31, 2024 | 110.24 | 7.22 | 70.10 |
| October 31, 2024 | 75.73 | 5.70 | 67.32 |
How to Apply for Parmeshwar Metal IPO?
Investors can apply for this IPO via ASBA (Application Supported by Blocked Amount) through their bank or online trading platforms. Ensure you confirm your UPI mandate before 5 PM on January 6, 2025, to secure your application.
FAQs on Parmeshwar Metal IPO
1. What is the price band for Parmeshwar Metal IPO? The price band for Parmeshwar Metal IPO is set at ₹57 to ₹61 per share.
2. What is the minimum investment required for retail investors? Retail investors need to invest a minimum of ₹1,22,000 for one lot (2000 shares).
3. When will the shares be listed? Parmeshwar Metal IPO shares are expected to list on January 9, 2025, on the BSE SME platform.
4. How can I check the allotment status? You can check the allotment status on the registrar’s website or through your trading platform after January 7, 2025.
5. What is the GMP for Parmeshwar Metal IPO? As of now, the GMP is around ₹20 per share, indicating strong investor interest.
Conclusion
Parmeshwar Metal IPO offers a promising opportunity for investors seeking exposure to the copper manufacturing sector. With its competitive pricing and robust market sentiment, it could yield substantial returns. However, it is crucial to evaluate financial metrics and market conditions before investing.
For more insights into IPOs and other investment opportunities, explore our knowledge center at Tap Invest.
